China doubles down on economic goals with new policy playbook. Here’s what’s next.
Fueled by a $18.6 trillion GDP in 2024, China is ramping up efforts to hit its 2025 growth targets through coordinated financial and consumer policies. National Development and Reform Commission head Zheng Shanjie confirmed the plan during a high-profile press conference at the National People’s Congress in Beijing this week.
The Game Plan
Despite global headwinds and domestic challenges like sluggish demand, officials say they’re ‘fully confident’ in hitting this year’s 5% growth target. The strategy? Better policy alignment across sectors, with a focus on turbocharging consumption and stabilizing financial systems.
2024’s Hidden Wins
Last year’s economy was no slouch—China’s GDP hit 135 trillion yuan ($18.6 trillion), showing what Zheng called ‘strong resilience and high-quality development.’ Think of it as the warm-up lap before 2025’s sprint.
Why It Matters Globally
As the world’s second-largest economy revs up, these policies could ripple across Asian markets and beyond. Entrepreneurs, investors, and global policymakers are watching closely—this isn’t just China’s story anymore.
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The Game Plan
2024’s Hidden Wins
Why It Matters Globally
